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Glossary entry

French term or phrase:

comptabiliser en dix-millièmes

English translation:

denominated in ten-thousandths

Added to glossary by Helen Jordan
Aug 16, 2005 20:54
18 yrs ago
6 viewers *
French term

comptabiliser en dix-millièmes

Good question French to English Bus/Financial Finance (general)
Letter informing of a fund merger

Nous avons l'honneur de vous informer que le fusion-absorption de la SICAV (name of fund A) par la SICAV [name of fund B], SICAV comptabilisée en dix-millièmes d'actions, sera réalisée selon les modalités ci-dessous:

TIA for any help
Proposed translations (English)
3 denominated in ten-thousandths
4 +1 whose book value is a ten thounsandth of the shares. . .
4 posted/entered into the accounts in ten-thousandths
4 whose [issued] share capital is 10,000 shares
Change log

Aug 16, 2005 21:38: Anna Maria Augustine (X) changed "Dictionary/Good Term" from "Good" to "Good"

Proposed translations

11 hrs
French term (edited): comptabilis� en dix-milli�mes
Selected

denominated in ten-thousandths

or perhaps 'calculated'

the units of the fund themselves are divisible into small fractions. This format seems to be particularly French.

'Les actions sont fractionnées et exprimées en millièmes d'action'
http://www.ecofi.fr/pdf/NoticeFR0010202663.pdf

'Possibilités de souscrire des dixièmes, des centièmes, des millièmes et des dix-millièmes de parts'
http://www.kbl-france.fr/les produits/Notices information/ni...

'The units of the fund are calculated to the nearest ten-thousandth'
http://www.statestreetfrance.com/download/pdf/en/DetMemo_SsU...
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4 KudoZ points awarded for this answer. Comment: "This makes most sense to me - thanks!"
+1
42 mins
French term (edited): comptabiliser en dix-milli�mes

whose book value is a ten thounsandth of the shares. . .

AS I understand, the company has other funds and only the ones that merged represent one ten thousandth of the total shares.
Peer comment(s):
agree Yolanda Broad : or face value (valeur nominale) of shares. [p.s. when entering in glossary, don't forget to fix your typo. ;-) ]
5 hrs
agree Michele Fauble
8 hrs
neutral Leveleki : I am not quite sure how the book value (which is normally the value of the shares) can be one ten-thousandth of the shares??
15 hrs
disagree Tom Weber : "Book value is a fraction of the shares" is nothing anyone would say. It doesn't make sense. I think SICAV B (the absorbing fund) is simply divided into 10,000 shares.
21 hrs
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48 mins
French term (edited): comptabiliser en dix-milli�mes

posted/entered into the accounts in ten-thousandths

Harrap's et mon cerveau

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Note added at 50 mins (2005-08-16 21:45:30 GMT)
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in shares of ten-thousandths, and will be carried out according to....
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15 hrs
French term (edited): comptabiliser en dix-milli�mes

whose [issued] share capital is 10,000 shares

Would this not fit the bill better, perhaps?
Something went wrong...
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